BAC buyout?

[Cdntrader]

Quote from GordonTheGekko:

With it approaching $5/share, it seems as though they're becoming an increasingly good deal for another big bank (or conglomerate)? Forget about all the garbage in the company, at this rate, their assets must be worth more than the share price. :eek:



I'm sure many of you feel this way - I hate BAC, always have... sorry for ranting, but those so-called money managers who were hoping for $30/share shortly last year hugely piss me off.

it gets bot only with govt help. So price will b close to zero for equity.

 

[bwolinsky]

BAC will be bankrupt within 5 years. They have extensive legacy loan losses that keep showing up in earnings. Ever since John Thain deceived BAC into buying Merrill, they have been going down and there is no reason for them to be a part of the DOW. They have -$1.6 per share on a 6 dollar stock. This is equivalent to an earnings yield loss of more than 25% of common.

No that stock decided to go to zero since the day they assumed the loan packages Merrill had underwritten.